$74,000
SOLD FEB 6, 2025
3 Beds
2 Baths
1,357 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$55 Per Sq Ft

13% Below List Price

34 Days on Market

Highlights

  • Bungalow
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of February 2025

Exceptional investment opportunity in Detroit! This charming 2-family home, listed on Furnished Finder, has become a sought-after retreat for traveling nurses, consistently booked and generating over $2,000 per month in rental income. Perfect for investors looking for strong returns or for buyers seeking a versatile, affordable property. The home features separate kitchen and bath facilities upstairs, making it ideal as a 2-family rental or a spacious single-family residence. Recent updates include a full roof tear-off and a newly installed backyard fence in 2022. Buyers be sure to check out Detroit Horse Power org!!  A non profit started by a former Detroit elementary school teacher David Silver.  A new location will be just minutes from this property.  This is an amazing sign of the vision and gentrification headed in this neighborhood.   Whether you’re an investor capitalizing on its rental history or a homeowner seeking a clean, updated home in a thriving area, this property offers incredible potential. Don’t miss this gem!

Last Agent to Sell the Property

Erick Monzo

Keller Williams Realty-Great Lakes License #6501330189 Listed on: 12/30/2024

Keller Williams Realty-Great Lakes

Co-Listed By

William Lowery

Keller Williams Realty-Great Lakes License #6501289637

Last Buyer's Agent

Katie Wheeler

Match Realty License #6501400563

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1924

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30.00 x 103.00

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2 Full Bathrooms
  • 1,357 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W08I009001S

Community Details

Overview

  • 2 Units
  • Dumont Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$491

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: 250.00
  • Year Built: 1924
  • State Equalized Value: 22600.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1357
  • Total Sq Ft: 1357
  • Sq Ft Total Bsmt: 565

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.07
  • Lot Dimensions: 30.00 x 103.00
  • Parcel Number: W08I009001S
  • Zoning: Multi-Family, Residential

Tax Info

  • Tax Amount Summer: 465.0000
  • Tax Amount Winter: 26.0000
  • Total Tax: 491.0000
  • Taxable Value: 2850.0000

Multi Family

  • Number Of Units Total: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2024
Closed on
Feb 6, 2025
Sold by
Frias Eric A and Frias Joselyn
Bought by
Wayland James
Seller's Agent
Erick Monzo
Keller Williams Realty-Great Lakes
Buyer's Agent
Katie Wheeler
Match Realty
List Price
$85,000
Sold Price
$74,000
Premium/Discount to List
-$11,000
-12.94%
Views
137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.37%

Purchase Details

Closed on
Nov 17, 2021
Sold by
County Of Wayne
Bought by
Frias Eric A and Frias Joselyn

Purchase Details

Closed on
Nov 10, 2015
Sold by
Treasurer Of The Charter County Of Wayne
Bought by
Footman Bartholomew
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $74,000 Regions Title
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $11,000 None Available
Quit Claim Deed $1,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2025 02/17/25 For Rent $1,000 0.0% --
02/06/2025 02/06/25 Sold $74,000 -12.9% $55 / Sq Ft
02/06/2025 02/06/25 For Sale $85,000 +14.9% $63 / Sq Ft
02/03/2025 02/03/25 Pending -- -- --
01/29/2025 01/29/25 Off Market $74,000 -- --
12/30/2024 12/30/24 For Sale $85,000 -- $63 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $465 $22,600 $0 $0
2023 $402 $17,800 $0 $0
2022 $421 $14,100 $0 $0
2021 $416 $10,800 $0 $0
2020 $414 $9,300 $0 $0
2019 $410 $6,900 $0 $0
2018 $379 $5,400 $0 $0
2017 $44 $4,400 $0 $0
2016 $403 $28,600 $0 $0
2015 $270 $2,700 $0 $0
2013 $337 $3,365 $0 $0
2010 -- $4,462 $469 $3,993
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240093421

Realcomp

APN: 08-009001